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\begin{tabular}{lccc} \hline
 & (1) & (2) & (3) \\
VARIABLES & Emp Constr pc & Migr South pc & Emp Constr x Migr South \\ \hline
 &  &  &  \\
Z Constr Emp & 0.021*** & 0.020** & 0.009** \\
 & (0.007) & (0.009) & (0.005) \\
Z for Migr Drought & -0.097*** & 0.712*** & 0.299*** \\
 & (0.021) & (0.015) & (0.037) \\
Z Constr x Migr Drought & -0.008 & 0.010 & 0.046*** \\
 & (0.017) & (0.038) & (0.016) \\
 &  &  &  \\
Observations & 11,922 & 11,922 & 11,922 \\
Number of municipalities & 5,961 & 5,961 & 5,961 \\
City Decade FE & Yes & Yes & Yes \\
SW F-Stat & 17.38 & 11.96 & 7.810 \\
 A-R Wald test & 22 & 22 & 22 \\ \hline
\multicolumn{4}{c}{ Robust standard errors in parentheses} \\
\multicolumn{4}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\
\end{tabular}
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